Canada Archives - Page 10 of 30 - Pension Policy International

24FebFebruary 24, 2023

Canada’s CDPQ is slammed by bond rout in worst year since 2008

The historic bond market rout did not spare the Caisse de Depot et Placement du Quebec, causing the pension manager to post its worst results since the global financial crisis. Canada’s second-largest public fund lost 5.6 per cent and saw net assets fall to $402 billion (US$297 billion), down $18 billion from the prior year. Its fixed-income portfolio was shredded by the rapid rise in interest rates, falling almost 15 per cent. The result would have been much worse if not...

February 24, 2023

NewsCanada, Pension Management, Returns

10FebFebruary 10, 2023

Canada Pension Plan Investment Board returns net 1.9% in latest quarter

Canada Pension Plan Investment Board returned a net 1.9% in the third quarter of fiscal 2023 ended Dec. 31, the Toronto-based board announced in a news release Thursday. For the five-year and 10-year periods through Dec. 31, the fund delivered annualized net returns of 8.1% and 10%, respectively. Neither benchmark returns nor returns for individual asset classes are not provided in quarterly returns. CPPIB, which manages the assets of the Canada Pension Plan, also said the pension fund's net assets increased to...

February 10, 2023

NewsCanada, Investment, Returns

20JanJanuary 20, 2023

‘Voluntary action alone isn’t going to cut it’: watchdog group calls for climate reporting requirements for Canada’s $4-trillion pension fund industry

After highlighting “a huge disparity” among Canada’s largest pension funds when it comes to reporting and action on climate priorities, a watchdog group is calling for broad-based regulation for the financial sector that would “level the playing field” and require Canada’s giant pension funds to produce credible climate plans, and be held accountable for meeting them. Adam Scott, executive director of the climate-focused charitable initiative Shift, told The Hill Times that his team’s analysis shows some Canadian funds are “making...

January 20, 2023

NewsCanada, ESG

08DecDecember 8, 2022

Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

Canada's biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI's abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its CEO, John Graham, in which he sounded a note of caution. Read also Swedish pension funds invest in cryptocurrency CPPI's...

December 8, 2022

NewsCanada, Cryptocurrency, Investment

01DecDecember 1, 2022

Canada Pension Plan funds war and climate change

The Canada Pension Plan (CPP) manages $539 billion on behalf of over 21 million working and retired Canadians, making it the seventh largest pension plan in the world. The CPP Investment Board (CPPIB) however is accountable first and foremost to the federal and provincial governments, not the contributors and beneficiaries. A webinar “What is the CPPIB Really Up To?” was hosted earlier this year by the Canadian Foreign Policy Institute, Just Peace Advocates, World BEYOND War and several other organizations....

December 1, 2022

NewsCanada, Corporate Governance, Investment, Pension Management

30NovNovember 30, 2022

Canada. Are longevity fund solutions going to change the retirement income game?

Over the past few years, Canada’s investment fund industry has sought to revolutionize Canada’s retirement-planning landscape with the introduction of innovative products. In 2021, Purpose Investments launched the Longevity Pension Fund, while Guardian Capital introduced its own GuardPath Longevity Solutions earlier this year. While they don’t offer estate-planning guarantees, both go beyond the scope of traditional mutual funds by tapping into mortality credits, an idea that was first explored through the use of tontines in the 16th century. As the fund...

November 30, 2022

NewsCanada, Income, Longevity

18NovNovember 18, 2022

Canada. CPP Investments Increases Net Assets to $529 Billion at End of Second Quarter 2023

Toronto-based Canada Pension Plan Investment Board, and its’ investment arm CPP Investments, increased its total assets in the second quarter of fiscal 2022, which ended on September 30, to $529 billion, compared to $523 billion at the end of Q1. The $6 billion increase in net assets for the quarter consisted of $1 billion in net income and $5 billion in net transfers from the Canada Pension Plan (CPP). The Fund, which includes the combination of the base CPP and additional...

November 18, 2022

NewsCanada, Investment

11NovNovember 11, 2022

Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion

The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-old crypto billionaire Sam Bankman-Fried. On Thursday, the Ontario Teachers Pension Plan (OTPP) released a statement saying that in October 2021 it invested $75 million in both FTX International and its U.S. entity FTX.US. Additionally, it said, it made a follow-on investment of $20 million in FTX.US in January this...

November 11, 2022

NewsCanada, Investment, Pension Management

01NovNovember 1, 2022

Flat returns for Canadian DB pension plans in Q3 amidst equity market losses

Canadian DB pensions in the RBC Investor & Treasury Services All Plan Universe gained 0.5% in Q3, bringing the year-to-date return to -13.7% for the period ending September 30, 2022. Niki Zaphiratos, Managing Director, Asset Owners, RBC Investor & Treasury Services, said, "Pensions experienced a temporary reprieve in July as the global markets rallied sharply. This rather short-lived change in market sentiment was based mostly on the assumption that the central banks' actions would help control inflationary pressures. We then...

November 1, 2022

NewsCanada, Returns

26OctOctober 26, 2022

Canada. Most employer retirement plans don’t support decumulation

Defined-contribution pension plans and group RRSPs have become the dominant forms of employer retirement programs, but they’re proving inadequate once plan members reach the decumulation phase, a report from the C.D. Howe Institute says. Capital accumulation plans (CAPs) such as DC pensions and group RRSPs focus on accumulating assets rather than providing retirement income for life to plan members. That leaves many retirees unprepared for restructuring their assets into income after they retire, the report said. “We believe the time is right...

October 26, 2022

NewsCanada, Pension Management, Pension Payout

February 2023

Canada’s CDPQ is slammed by bond rout in worst year since 2008

Canada Pension Plan Investment Board returns net 1.9% in latest quarter

January 2023

‘Voluntary action alone isn’t going to cut it’: watchdog group calls for climate reporting requirements for Canada’s $4-trillion pension fund industry

December 2022

Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

Canada Pension Plan funds war and climate change

November 2022

Canada. Are longevity fund solutions going to change the retirement income game?

Canada. CPP Investments Increases Net Assets to $529 Billion at End of Second Quarter 2023

Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion

Flat returns for Canadian DB pension plans in Q3 amidst equity market losses

October 2022

Canada. Most employer retirement plans don’t support decumulation